Pi Network Finally Launches Mainnet by the End of 2024! Latest Updates Summary

Pi Network is attracting attention in the cryptocurrency community. Various developments are being reported towards the planned mainnet launch at the end of 2024. This time, we will provide a summary of the latest information on Pi Network in an easy-to-understand manner.

Introduction of Business Wallet

The Pi Network core team has developed a Business Wallet for companies and organizations. This wallet allows companies and organizations participating in Pi Network to issue and manage their own assets while maintaining transparency. Furthermore, procedures to prevent fraud and money laundering are also incorporated.

Integration Test with Fiat Currency

Currently, integration tests between Pi Coin and major global fiat currencies are being conducted on Testnet 2. If this test is successful, the possibility of Pi Coin becoming the center of global transactions increases.

Collaboration with Stellar Development Foundation

At the Meridian 2024 conference held from October 15 to 17, the partnership between Stellar and MasterCard was announced. This partnership will integrate MasterCard’s crypto asset authentication solution into the Stellar Network.

Furthermore, it is noteworthy that the symbolic color of Pi Network, purple, was frequently used at this conference. This suggests the possibility that Pi Network will be integrated with major crypto assets via Stellar.

Release of Node Version 0.5.0

The latest version 0.5.0 of the node software, which is central to Pi Network, has been released. This update has made the transition to the open mainnet more realistic. With the Testnet 2 environment getting closer to the mainnet, a smooth transition is expected.

Summary: The Future of Pi Network

These developments indicate that Pi Network is steadily preparing for the mainnet launch at the end of 2024. The introduction of the business wallet, integration with fiat currency, and partnerships with major companies show that the practicality and reliability of Pi Network are increasing.

For those interested in cryptocurrency, especially beginners, the movements of Pi Network are worth paying close attention to. Let’s look forward to seeing what value Pi Coin will hold after the mainnet launch.